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we're really engaging diplomatically with china and other members of united nations security council on tougher resolutions and possibly sanctions. >> making any progress? >> you have to talk to the ambassadors in new york and the sea to figure out what is going on. -- d.c. to figure out what is going on. >> in beijing, what is the view among the leaders you can tell of kim jong-u7n? -- kim jong-un? >> china would like all the parties that are part of this sixth party talks her to get back to the table, to see if we can encourage better behavior from north korea as opposed to imposing sanctions now and trying to coerce north korea into the fold. that is a difference of opinion of strategy. china really believes we ought to be engaged with north korea. united states feels every time we've tried to engage with north korea, they basically turnaround and failed to respond. >> what is the most important thing the chinese leaders want from you every day? >> the want greater cooperation with united states, because the understand how important united states is for their own economy.
a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversin
of uncertainty. so you have china engineering a soft landing and starting to recover. you have europe away from the brink. greece got upgraded today. who would have thought it. that is what the market is looking at. saying okay. it is not going to be the worst kcase sharcenario, but you coul extend the middle class tax cuts and be done with it. it is in a recession. >> and i think the market would not like that very much. everybody is expecting that you get the middle class tax cuts done. >> and if you can get china and europe doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be sign
. mandela was moved to his home in johannesburg where he will continue his recovery. >>> china opened the world's longest high-speed rail line today. the train travels more than 1,400 miles from beijing in the north to the south of china, a trip that until now took 20 hours. the new train traveling at 186 miles per hour cuts the time to just eight hours. hundreds of the new trains will be put into service on this line alone, as china moves toward its goal of building a nationwide high-speed rail network. >>> and back in this country, a lost and found story involving a best friend. it all began christmas eve outside a grocery store here in new york where a security camera shows a man stealing a dog and then walking away. that dog's name is marlee. a woman who saw him trying to sell the dog thought something was up, so she bought marlee herself, took him to a vet and it turns out he had a microchip which was scanned. as a result, the king charles spaniel was reunited with his 7-year-old owner yesterday afternoon. perhaps the best christmas present she could have wished for. a suspect wa
? not that long ago we heard very smart short sellers write off both china and europe it was on a year ago that italy and greece would be following in disaster. of course, they subsequently turned out to be the single best places to invest for fixed income in the world. not only did the sky not fall, but you had to do some serious buying to keep up with the others around the world. we have been buying an etf for my travel trust. was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a fre depression? we know a ton of countries that could do very well in a low-growth environment. a year ago all the wise guys were telling us to avoid china because it was a house of cards. the course only grew more uniform with the chinese market falling to multiyear lows. but in the last few weeks, china's economy bottomed during the summer as they were focused way too much on beating inflation. now it's become the best performer in the world, and i don't think you've missed the move which is why my trust has been buying an etf that mimics china. fi
the time decorating with a christmas tree and stockings left behind from an earlier expedition. >> china has opened the world's longest high-speed rail line. it runs nearly 1,500 mi. from the country's capital and the north of guanmgzhou, in southern china. the line officially opened earlier this morning. trains on this high-speed online will initially run at 186 mi. per hour with a total travel time of about eight hours. before, the fastest time between the two cities by train was more than 20 hours. the chinese government plans to build a grid of high-speed railways which for east-west lines and for north-south lines by 2020. >> we will be right back. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new v
markets around the world were closed for christmas, and for the day after christm christmas. china, five-month high on the notion that the urbanization plan will gain spurs in the housing stocks there. japan, abe confirmed as prime minister there. the seventh prime minister in the past six years. we did see the yen hit a 20-month low against the u.s. dollar. notable lows against the euro as well. the topics in the nikkai the lowest in nine months. >> going back to his old job, that he had back in 2007. strange in and of itself. i wonder how long it will take for people to start talking about netflix after the outage going into christmas eve on social media. they were calling it no flix. and to blame amazon web services, which is one of their huge growth engines. a unit of the company they say is probably a tenth of its eventual size. >> one of the highest growth parts of amazon right now, the web services portion. their amazon is down 1.25%. i don't know if that's the reason. but it was the streaming center in northern virginia that was the source of the netflix outage. it's resolved, th
about companies that have marginal exposure to united states but are much more involved with china? you could see joy global keep its gains. that company's mining equipment is more dependent on a resurgent china than a possible slowing of the united states. we're cutting back on coal anyway. what's the most worrisome thing on the whole decline? that this is really day one in recognition that the ceos were had here, the foils to james dean's rebel without a cause triumph, and they are recognizing that there is a cause. soak the rich with higher tax rates and cut nothing. cut nothing back, because the mandate, well, that was what the president thought he was elected on. to appropriate a little shakespeare, what fools these ceos be. the president, here is the way i summarize what they are thinking. president's rising above all right. rising above the cliff. they're going to fall off in the vicious game of chicken. bottom line, we have to hope history isn't repeating itself, that the market is beginning go down the path of the preceiling debacle, before we get crushed and get the deal. but
system -- the reaction to china they just have a police chief said the prosecutor and the justice they get together and what kind of system is that? where does the defense have these rights? that's right, and then i think, you know, 98% or 95% of the cases are decided by a plea-bargain between the prosecutor and the lead defense lawyer. and i say what kind of a system is that? .. >> go into a courtroom. it's a nasty system. and it isn't terribly efficient. they put it in because hamilton and the others hoped it would do one kind of a guarantee of a certain kind of basic liberty. and, of course, i believed in that. i wouldn't spend so much time -- yes. now, here. sorry. >> thanks. justice breyer, and john. i write the mitchell report. as i was listening to the beginning of this conversation between the two of you i was reminded of a wonderful conversation that took place probably 30 plus years ago between bill moyers and one of, a former justice, justice blackmun, talking about the constitution. answer this question sort of goes to at what's at the heart of constitutionalism and ru
ask you about some other stuff. japan rising. europe stocks doing very well. china stocks having a bit of a comeback year. in other words, as a global guide, there are options to playing this fiscal cliff game here in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal reserve does. but they have an inflation issue and their economy is tied to china. so if you buy something like ewh, the hong kong etf, all those stocks are priced in hong kong dollars. if the hong kong dollar is repegged, the ewh will go up as much as the repegging. >> what does that mean for the u.s. market? where are you on the u.s. market right now? >> you know, i think right now, probably to the end of year, if we can get some kind of movement on this fiscal cliff, you have a real potential for a pop, 3%, 4%, 5%. unfortunately,
. >> thank you for coming. >> my pleasure. >>> nothing else like it in the world. here is the bad news. china has it, and, well, we don't. we'll explain that one, coming up. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ >>> it is 47 minutes past the hour. let's get you to the top stories. tornadoes. 186,000 people without power in arkansas. me more than 27,000 out in alabama and thousands in the dark in mississippi and louisiana as well. >>> a beast of a snowstorm is crippling parts of the midwest. blizzard conditions in the forecast for ohio, pennsylvania and missouri. some places could see a foot of snow or more. >>> look at this. look what it looks like here in indiana. leave look at seymour, indiana, where it's coming down pretty hard. we had a better shot earlier, but they will get
, housing market, china, japan. i would buy some things. >> guys, got to cut you off. larry, you'll get more time next time, promise. see you later, jim. >>> we're all over the fiscal fiasco. tune in to cnbc this sunday night. yep, we're working the weekend at cnbc, 8:00 p.m. eastern time for a cnbc special report "america's economy held hostage" because remember house of represent representatives called back into session sunday night. don't be too depressed. we did get good news today and it was important. a major strike that could have crippled the economy was at least delayed. we'll have those details coming up. she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medication
. >>> good morning, terrell. a new report showing growth in china's manufacturing sector lifted most asian stocks. hong kong's hang seng gained more than half a percent. tock owe's nikkei shed a fraction. concerned about washington's fiscal talks pushed wall street stocks lower. the dow finished down 74 points on thursday. the nasdaq lost 21 points. >>> swiss bank ubs is said to be in talks to pay a $1 billion fine to settle allegations of rigging a key interest rate benchmark. ubs is accused of manipulating the libor to boost trading profits. the rate affects trillions of dollars and loans including mortgage rates. barclays paid a $450 million fine to settle similar allegations last june. >>> consumers are spending more, but the results are mixed for retailers. the commerce department said on thursday that retail sales increased 0.3 in the month of november from the month before. the increase is due in part to hurricane rebuilding in the northeast. the report says online shopping surged, but department store sales declined. >>> in new york, raising your arm in the middle of the street and
would be short yen and long japanese stocks. >> people watching not just january but china. ir ir ir iron oar a lot. >> let's get more insight from steve from web bush securities. how much of a nail biter is this for you in terms of fiscal cliff and the markets? >> i think pretty clear at this point that if there's a deal coming, it's gonna be coming very, very soon. i think the markets discounted the fact we are going to get some sort of deal t has held up fairly well here and i think if we don't get a deal, we will see a selloff. i don't know how considerable, but certainly see the 2, 3% decline in the market. >> does it amaze you, steve, that the markets, in your view, still consider a given that we are going to reach a deal? here we are thursday, december 27th. they still haven't issued a 48-hur notice for congress to return to capitol hill and yet you're saying the markets have baked in some sort of deal? >> yeah, i think so. i don't in he isly think the deal happened december 31st. if we pass waite without a deal earthquake the market will think something is going to happen in
to america at 14, 15, $16 an hour. we don't celebrate that. i'm glad they're here instead of china, but heck. if we had an economy that would support $30-an-hour jobs, i'd be for that. better than a ceo. you know, destroying a company and then getting a $200 million payout. but that said, what is wrong with a state allowing an american to work where he or she wants to work without having to be compelled to pay union dues? >> well, this state, michigan, was such a part of the core of unionism in this country, the foundation of the united automobile workers which at one point had over 1 million workers in its enrollment is now down to roughly maybe 350,000 workers. the united automobile workers, everybody can own a car in america. the history of unionism has been inextricably linked to the growth of the middle class, as you know, over the last 60 years of american history. the right-to-work legislation that has passed now in 24 states, i don't think you can dem demonstrably prove that it leads to higher wages, that it leads to marginally -- >> but what's wrong with giving people the freedom to
are not as bad with fiscal cliff. china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud play and the use of it in the competition here, is that one of the key names? >> yes, it allows you to manage cloud in a cheap -- an anti-microsoft business. their partner is sales force.com. i'm really using these as tells. in other words, these are the ones where there's natural buyers. as we just found out how good things are. it wasn't like we found out a month ago. we just found out last night. if they have resilience, the market is going to be more resilient than people think. if they give up the ghost, i think next week's going to be difficult, too. >> all right. we'll be wat
have been the year of the dragon in china. 2012 was filled with all source of critters and their wild moments caught on camera. next, a look back at a big year in animals. including one of the world's smallest, smallest, tiniest little puppies. tiniy, tiny. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. >> harris: from swimming with baby tigers to puppies the sized of an iphone. four legged friends have given us moments this year. some the wildest moments in the animal kingdom. [chirpi
, engineering, and math. if you dig in, the numbers are stunning. you look at the fact that i think china is now roughly 44% of their graduates are in those fields. europe is at 24%. america is at 16% of our graduates. i say this respectfully, knowing we are on c-span, but when the europeans are outdistancing us by 50% in an area as important talent inng human challeng these key fields that will drive innovation, you know we are in trouble. i will correct one comment, the democratic side and marco rubio and jerry moran, we have put forward legislation long before the election that says let's look at this, the competition issue and put forward an approach that many of us, including those of us in the business world, have been talking about for decades. let's recognize that while we know that we do need to prime the pump with science, engineering, math graduates, native-born americans, partly in the numbers with middle school with girls and children of color and the enormous challenges short and long term, we also have to still continue to attract talent from the world. one of the ways that we can
jimmy carter is in china this week where today he met with the new communist leader to discuss a wide range of controversial chinese policies. with him, of course, roseland carter as well. >>> in pakistan hundreds of students rallied against naming a college against malala, the activist school girl that was shot by a taliban gunman in october. according to pakistani government officials, students are concerned that naming the college after malala will cause a security threat to them. >>> in oregon today officials say that jacob tyler roberts, the 22-year-old gunman who killed two people and seriously wounded a 15-year-old girl before taking his own life in an oregon mall on tuesday knew none of his victims. police say that roberts acted alone, using a semi-automatic rifle that he had stolen the day before. the day before the shooting rampage at that crowded mall. roberts had no significant criminal record. authorities said other than a few speeding tickets. >>> that tragedy in oregon is only the latest in a series of mass shugts, and people ask could tighter gun laws have prevented th
invited a number of us to go with them to china. it was quite an experience. senator stevens -- of course, another world war ii veteran -- had flown the first cargo play plane into what was then peking in 1974. and senator inouye was well-regarded in china for that service. and so the group of norse -- there must have been -- and so the group of norse -- ther of se must have been a dozen of us -- got together with the leaders of china. we were accorded every courtesy we could possibly be accorded because of the presence of senator inouye and senator stevens. they were like brothers. they called one another "brothers." they acted that way in private. they served that way in the senate as chairman and vice-chairman and vice-chairman and chairman of the appropriations committee. they single-handedly shaped our american defense posture and they did it with skill and pay troivmen--and patriotism and the that very few could have. several senators have mentioned how bipartisan dan inouye was. he was of the old school. not a bad school for today, in my point of view. he treated each senator with
china, the north's closest ally, says it regrets the launch and is urging north korea to put a stop to its missile program. japan says the launch is unacceptable. norad says it appeared to have put a satellite into orbit which would be a huge breakthrough for the north koreans. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with symptoms of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble empty
supportive of the president's decision china cabinet secretary, particularly secretary donovan into the bad because it recognizes while fema has primary roles in damages caused by the storm and to a certain degree to mitigate future impacts, much of the infrastructure preexisting condition and long-term housing needs are best addressed to existing authoress programs that will need more funding. as we look at the supplemental, were not just looking at the drs. we're looking at the whole range of federal programs that will be required to successfully recover communities, restore them to sustainable economies. part of the post-katrina reform act that the groundwork for this commitment and shared. there would be no disaster recovery framework unless congress directed it. it would be no framework for secretary donovan to begin with. the legacy is still a go, tools we did not have we now have. another two were to not have was the team sent in before the storm hit. previously would have to be for governors to experience double dose station before they ask for assistance but for the can respond. co
, potato with bacon... [ male announcer ] progresso. you gotta taste this soup. gregg: china is unveiling the world's longest high-speed rail train this week. 1500 miles long, it runs from beijing to the south, and the train on this high-speed rail line initially ran 186 miles per hour. can you believe that? cutting between the two cities. china's railway system has a checker ored past, it has been riddled with accidents including the latest crash involving a bullet train which killed 40 people. remember that? july. patti ann: well, anxiety is rising over big tax hikes and spending cuts set to kick in on january 1st. a growing number of lawmakers saying they are skeptical that a deal can be reached in five days to avoid the fiscal cliff, especially with the main sticking point coming down to whether to increase taxes for top earners next year among many other things. byron york, now, of "the washington examiner" joins us to talk about this. good morning, byron. >> good morning, patti ann. patti ann: so we're going to show a full scream of what would happen if -- full screen of what would
china because the dollar will not be worth. that is what is it is a bout. host: on the front page of "the financial times." we also have a tweet. this is what the senate minority leader said yesterday on the floor after his meeting at the white house. [video clip] >> i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself a in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. we will be working hard to try to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> we are talking about the senate negotiating a fiscal could deal on -- but one of the stories of in the paper comes from the baltimore sun with the president of in there headline saying the president modestly optimistic. let's see what the thoughts are of the viewers and listeners this morning. pamela from new jersey on the line for democrats. are you optimistic about the fiscal clefts deal? caller:
of obesity compared to children born vaginally. researchers in china looked at previous studies on obesity and thousands of births and say that health risks must be taken seriously. previous studies linked c-section births to allergies and diabetes later in life. we found one guy on our staff delivered c-section and is one of the fittest guys on our staff. >> he weighed ten pounds at the time. big baby. >> he's buff. not overweight. >>> in other news, marriage is good for people. gay and straight in fact. that's the finding of a new study. it shows same-sex couples married enjoy the same psychological benefits as heterosexual couples. more from abc senior medical contributor. >> reporter: as same-sex couples wait to hear what the supreme court says about their marrying, a study in the american journal of public health has already offered an opinion. the study looked at data from the 2009 california health interview survey, which included 47,000 participants, both men and women, ages 18 to 70, and both homosexuals and heterosexuals. the authors say married gay, lesbian and bisexual people h
that manufacturing is picking up in china. gains are expected to be modest, though as the fiscal cliff issue remains unresolved. >>> the u.s. is showing its support for turkey in the face of potential threats from syria. the u.s. milltory will deploy 400 troops to turkey in the coming weeks. the patriot the missile system would be used only for defense. >>> president obama is speaking out about marriage marriage for the first time since colorado and washington state legalized it. he told abc's barbara walters he discourages drug use and regrets doing it as a kid but says it's not a top priority for the feds to prosecute recreational users in states that have legalized the substance. >>> we're awaiting word on the next round of fiscal cliff negotiations. president obama and house speaker john boehner metaphor just under an hour at the white house late yesterday afternoon. still no deal. aides for both men describe the session as frank and say the lines of communication will stay open. the law of the land, that's how house speaker john boehner described the affordable care act, it overhauled the natio
use common sense. we do hope she's okay. >>> also, the iphone 5 now officially on sale in china. but today's launch, nothing like this one in january. riots breaking out when the 4s was released. apple, hoping today's launch could single-handedly stop its recent stock slide. >>> and, finally, it's not your average bottle of beer. this is your chance to buy what is considered the world's very best beer. it is called westvleteren. >> that was good. >> i'm not a trapist monk in belgium. the beer being sold in the u.s. for the first and possibly only time. good luck finding it. and if you've got a cool $85, it will buy you a six-pack. >> wow. >> maybe if you drink it, you can say it really well, too. >> seriously. maybe they named it after they sampled it. >>> a lot of news to get to. we have that dramatic withdrawal late thursday. u.n. ambassador susan rice takes herself out of the running to replace hillary clinton as secretary of state. abc's jake tapper is tracking the latest from the white house. good morning, jake. >> reporter: good morning, george. white house officials say t
sachs to buy from neutral. citing increased potential for yum's operations in china. although, that's what we talk about all the time. kfc in china. that's the growth in their, i think isn't yum bigger than mcdonald's in terms of total number? >> yeah. >> i think subway is, too. research -- >> they don't even call it kentucky tried anymore. >> kfc. >> and it's really chicken. >> that's uncalled for. what do you think it is, cat? that is uncalled for. >> this is all i'll say. >> tastes like chicken. >> yes, it's chicken! if david novak -- >> taco bell. >> yeah, taco bell. >> is that really meat? is that your next -- >> no. all right. the restaurant -- research in motion, rim shares coming off a seven-month high on news that the u.s. immigrations and customs enforcement agent are going to use the blackberry 10 on a trial basis. that is on news, did you see this, that the agency is going to ditch the iphone in favor -- >> okay, so why? >> i don't know. i just want to say, so blackberry was one of the sponsors of the thing yesterday, at the dealbook conference and they showed off the bl
as in china we went and helped people in small businesses that have been wiped out temporarily to be able to come back, our fishing people deserve emergency assistance to tide them over and help them through this most critical time. i would turn to the senator from alaska and the senator from new hampshire, and ask what that means to the state of new hampshire if she might share with us. mrs. shaheen: my friend from massachusetts understands the challenges we have in new hampshire, as does senator whitehouse from rhode island, because, in fact, fishing is one of the oldest industries that we have in new england. and new hampshire it dates back over 400 years. because we have a much smaller coastline than massachusetts and rhode island, we have a smaller -- smaller group of people who earn their living through fishing, but they have smaller boats, and therefore they're more affected by some of the fishing regulations and some of the adverse weather conditions that have affected fishing. about 90% of the fishing that new hampshire's fishermen do is for cod and cod is the species that has be
for antibiotics and steroids. some major issues for yum brands, 44% of its revenues come from china. getting the clearance at this point, very good news, and we're seeing the stock respond accordingly. bob pisani is here on the floor with more. >> good morning. merry christmas, everybody. over the weekend, is there a plan c on the fiscal cliff floating around. the only offer that's really on the table, and i hate to get so simplist simplistic, was the president's offer. he mentioned it at the press conference late friday afternoon, and that's raise taxes on the top 2%. that's basically the offer on the table. there's a lot of people trying to throw in a lot of spending cuts into a so-called plan c, raise the medicare eligibility age from 65 to 67. that's really an afterthought going in right now. the president's offer is the one on the table right now. at this point the choices are getting very, very narrow. i didn't hear do nothing. i didn't hear about a grand bargain. the other big thing over the weekend, i was getting a lot of e-mail about, is when will the treasury department declare the
china. it can valve at 120 miles per hour. next, 89 years. that's the age of the representative ralph hall, of texas who became the oldest serving house member of all time. he came to congress in 1981 as a democrat, but became a republican in 2004. finally, 110,000. that's how many people called norad to find out where santa was. they say that broke last year's record. clayton? >> clayton: thanks. did you get a handful of gift cards you can't use or gifts you don't want this christmas? you're not alone. today is the day to turn the unwanted gift cards into cash. consumer savings expert is here with great tips this morning. good to see you. hope you had a great christmas. >> i did, thank you. >> clayton: let's dive in here. number one, you say register your gift cards. >> right. it's really important to go on-line and register that gift card so that if it gets lost or stolen, that you can recover it. you can go on-line to the retailer's web site, or you can also actually register it at creditcard.com. they have a yourwallet recovery tool which will alert you and give you tips on how to
and china were funds with in those countries. it's something like $3 trillion the government does in the national security trust fund and those have to be paid back in the general revenues. much of this deficit and debt was accumulated during the period of prosperity. relief from the 60's. we've only had to balance the budget since 1969. bill clinton had won in 1990 and lyndon johnson had one in 1969. i believe johnson was able to achieve ten because of the basic fiscal year. [laughter] typical of johnson in the fiscal year to october 1st or september 30 of which then enabled him to balance the budget, so clinton who did it legitimately i think. but in other words, the idea is we would run up the deficit when you have islam, large deficits when you have a slump, it would run at medium-size deficits in the times of prosperity. the u.s. government spending $3.6 trillion this year one-third of it is borrowed. since 2001 federal spending has gone up roughly twice the rate of economic growth. interest payments are temporarily manageable. somewhere around $250 billion a year, less than
it might take. stay with us. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to support cell health. one a day 50+. >>> chase kowalski completed his first little kid's mini triathlon. he was a cub scout who played baseball, enjoyed the kids workshop at the home depot as well, 7 years old. injo injoining us now, dr. drew pinske. thanks so much. how important is it first of all for these other kids, nearly 600 of them, to get back into a regular school routine? >> it's very
on january 4th. they fear this could be to natural gas production what the "china syndrome" was to the nuclear power industry. it stars matt damon looking to line up leases in pennsylvania farm country and john as a environmental activist to try to stop him. >> i'm here my farm is gone. the land turned brown. it happened to one of us. it could happen to all of us. >> reporter: damon and chris since ski who co-wrote the script together, they're using fracking as jumping off point to explore american identity. >> it really asks more questions than it answers but they're important questions that i think we're all need to be asking right now. >> reporter: but conservative blogs like the heritage foundation say this move -- movie looks nothing on surface to be hit piece on tracking indisstri. analysts say this could be a big problem going forward. charles edwards with the brookings institution. >> someone like matt damon will make convincing actor, undoubtedly casting concerns about shale gas on the horizon. that will probably become a lot of people's perceptions that shale gas
's longest high-speed rail line is now officially open. you're going to have to travel to get there, in china. it runs 186 miles from beijing in the north to an economic hub in the south. the trip takes about eight hours. before it took 20 hours to go the same distance. critics say it's too expensive. the cheapest price you're going to pay for a one-way ticket? $138 u.s. really? heather: that is fast though. gregg: that's more expensive than the veazona bridge. heather: is it? gregg: yeah. heather: well, you know, christmas the holiday -- gregg: i've heard about it. [laughter] heather: it's not all about giving or getting gifts, it is about giving back as well. trace gallagher joins us with more on that. hi, trace. >> reporter: hey, heather. therethere are very little good happening in newtown, connecticut, these days, but a gift from a child made a huge difference. his name is 11-year-old cooper carlisle, he's from houston. and after the shooting he convinced his principal to allow his entire school to make cards for each of the 26 victims. and in those cards they filled them with prayers an
to evacuate u.s. military personnel. >>> now to a terrifying scene for shoppers in china. if you are afraid of sharks, you may not want to watch this video. this was an indoor tsunami. a huge shark tank burst, sending broken glass and water crashing into onlookers. more than a dozen people were injured. mostly with minor cuts and bruises. sadly, the sharks did not survive. >> who thought that was a good idea? >>> the economy could suffer a major blow next week if thousands of union dock workers make good on their threat to strike. a walkout would close every port from boston to houston. that means tons of goods would not be able to move in or out. the contract expired back in september. >>> and it is that time of year again when warnings go out to everyone about the dangers of thin ice. case in point, take a look at this from monroe county, michigan. jim swayze was walking his dogs when one of them went out on the ice and fell in. oh, poor guy. his wife called in her cousin, he came out, jumped in the water to help their dog. rescue crews were able to get man and best friend to safety. good
: this is magnified 10s of thousands of times. the risk is that business goes over seas to places like china and they don't have the scutiny and we might get devices that are not safe. >> kelly: these can go to ireland, heather. thank you very much. we showed you a poll that 64 percent of the americans think that teachers need to be armed . arizona is about to make that happen next. >> julia: smokersment new laws against you. and like snow smokingats work. that will clear out the front of this building. ♪ ♪ but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh
was a little different and president obama called you in tomorrow and said get everybody out of china and do whatever you have to do, make these, make everything you make in the united states. what would that do to the price of this device? >> honestly, it's not so much about price, it's about the skills et cetera. over time, there are skills that are associated with manufacturing that have left the u.s. not necessarily people, but the education to stop producing them. >> that's sad. how do we get that back? >> well, it's a concerted effort to get them back. and with this project i've talked about where we will do a mac in the united states next year, i think this is -- this is a really good step for us. and the consumer electronics world was really never here. it's not a matter of bringing it back, it's a matter of starting it here. >> good morning, thanks for joining us here. >> while steve jobs liked to avoid the spotlight, he also thrived on it. as if he was selling products that were pieces of his own soul. he was inventor, pitch man, and new wave pied piper all in one. tim cook is just
a factory in china and sell cars. they can delay paying u.s. taxes on that indefinitely. but the money comes from the rent, as so-called passive income, they have to pay taxes on that immediately. this provision says if your a bank -- you can be late paying your taxes. it is going to be considered active income. it is quite valuable to them. it is kind of a gray area. in 1986 when they did big tax reform, they said that is active income and we should tax that money. host: we have been talking with sam goldfarb from cq roll call. thank you very much. >> explores the history and literary culture of all money -- of albany. tonight on c-span, a senate debate on the fiscal cliff. shaun donovan discusses it. harry reid and mitch mcconnell when back-and-forth on fiscal cliff issues and a proposal to raise the debt ceiling. here is part of their exchange. >> yesterday afternoon, i came to the floor and offered president obama's proposal on the fiscal cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks ago before a potentially
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